• Stanford’s Private-Equity Stakes to Be Sold Over His Objection – “Court-appointed receiver Ralph Janvey won approval to sell several pieces of Stanford’s private-equity portfolio on an emergency basis to avoid meeting capital calls or diluting the investments, according to an order posted yesterday by U.S. District Judge David Godbey in Dallas.” You don’t need investments in hell anyway. [Bloomberg]
• Volunteering Waning in Recession, Report Says – Cutting out the volunteer time to spend time feeling sorry for yourselves. Classy. [NYT]
• Blackstone Gem – Hedge fund of funds rockstar, Steve Schwartzman. His picture accompanies the article anyway. [NYP]
• Microsoft Cuts Price of Xbox 360 – Most of you gamer geeks probably need a back up system or something. [WSJ]
Related Posts
Preliminary Analytics | 12.10.09
• SEC’s Khuzami ‘Skeptical’ of Auditors’ Claims on Privilege – Privlege shmivlege. [FEI Financial Reporting Blog]
• Obama Proposes $12,000 “Cash for Caulkers” Program – Including the most immature montage ever. [TaxProf Blog]
• Overstock.com and Patrick Byrne Have an Enemies List That Includes Friends and Family Members of Critics – Using Facebook no less. Anyone surprised? [Sam Antar/White Collar Fraud]
• Madoff Auditor Plea May Signal Other Probe – Tax charges thrown in with David Friehling’s guilty plea may indicate that prosecutors may be building a case against other Friehling clients including the Madoff sons. [WSJ]
• Broadcom Co-Founder Cleared in Backdating Probe – “U.S. District Judge Cormac J. Carney made the announcement after Samueli, owner of the NHL’s Anaheim Ducks, spent two days testifying for the defense in the fraud trial of a former executive for the telecommunications chip maker. ”You have restored my faith in the criminal justice system,” an exhilarated Samueli told the judge in federal court in Santa Ana.” Avoiding prison will do that. [AP via NYT]
Preliminary Analytics | 11.24.09
• Suppressing Workplace Anger Doubles Heart Attack Risk in Study – In other words, flipping out on someone is good for your health. [Bloomberg]
• Death of Ward M. Hussey – Mr. Hussey was the primary drafter of the 1954 and 1986 Internal Revenue Codes. [TaxProf Blog]
• Freddie says TBW-related loss may grow, files claim – The comforting part is that they really don’t know what the total exposure is. [Reuters]
• On the Other Side of the Table – Not even the Tax Girl is safe from an IRS audit. [Tax Girl]
• Heeding the Populist Call – “Fearful of a voter revolt, Washington is beginning to rethink its industry-friendly stance. ” [Financial Armageddon]
Preliminary Analytics | 08.25.09
• Obama to Reappoint Bernanke as Fed Chief – “Mr. Bernanke is seen by supporters inside the administration and in markets as a creative and steady hand who helped to keep the financial chaos, which became especially dangerous in the past year, from becoming much worse.” Now that the next four years are in the bag, the beard is getting grown out. [WSJ]
• Volcker: Money funds weaken financial system – Sounds like someone wants headlines on someone else’s big day. [Reuters]
• Appeals Court Says Stanford Must Remain in Jail – Let’s get this circus of a trial started already. [DealBook]
• GameStop says CFO will retire in March – Presumably to work on his GTA game [Reuters]